How do you compute the product cost for an item? -

The base cost of print is $12, the picking time is 10 minutes and the picking labor rate/hour is $12.

Since picking time is 1/6 of an hour (10 minutes/60 minutes), cost per pick is $2 (1/6 X $12). Add the $2 to the $12 (base cost of the print) and you have $14.